NEWS & ADVICE : HOME LOANS
Base rate for ICICI Bank to come today
By Joseph Samson
Jun 30, 2010
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The largest private sector lender of the country, ICICI Bank aims to declare its base rate today, said a top official of the bank.

"We will announce our base rate on June 30," ICICI Bank's Managing Director & CEO, Chanda Kochhar said.

With demand for home loans on a surge, the bank expects 20% growth in its lending portfolio this fiscal.

"There is also a robust demand for auto loans," Kochhar said.

She however said that project finance is yet to take a pick and it is expected to rise considerably in the second half of the fiscal.


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